Quote from: footlong24seven on March 07, 2019, 03:34:13 AM

Shit. That was more than I expected for a response. I never really thought of the US "dying" like that but it makes total sense. The rush to the US and the inevitable crash just like any rush before it, no matter the scale (looking @ BTC lol). When something goes up that much that quickly, it's bound to fall to gravity. Like Marty always says, the top is in when everyone who wants already has and the buyers dry up. So that's how the US ends huh ='(

If we're not all on yachts after this trade of the century, I'm guessing China is the next best place to go with your assets in the wake of all this?

Yacht?? Did you know that if Dow at 26K, and only rises on par with 2% annual inflation, it will be about 34K by 2032 after 13 years?
Armstrong was implying a phase transition and going to 40K for 2020, okay? And now he backed away from that and said that it's postponed to 2032. That is just LAME.

If Dow goes to 60K, that is only close to 4% annual increase. That means that if you have $100K buying power today, and you do the "first part of the trade of century", you will gain about another $100K buying power at 2032. And assume that everything is perfect, and you do the "second part of the trade of century", then you may gain another $100K buying power (by shorting $200K inflation-adjusted), if stocks fall by 50% in 2 years after that. So you will earn $200K in total after 13+2 years (or $13K annual) in buying power, assuming that you start with $100K right now. And you want your yacht? Don't fall for Armstrong's flamboyant language (CENTURY??).

Why does Armstrong keep using trade or buy for the "CENTURY" for gold in the past, and for stocks now? Because some people don't want to do their math, and is willing to skip thinking altogether, and just take words from some self-proclaimed forecaster.

I said something like this before, but I will say it again. If Armstrong's AI computer is that accurate, and he knows that market will drop/pop tomorrow by 1%, he just need to leverage that by 400X or more, and put in a trade of $100 billion, he will be a billionaire in just ONE day in one trade. Given his "perfect predictions", so many people and Wallstreet should be willing to lend him money to do this trade. He should have been a billionaire in just ONE day, and return all the borrowed money. Even if he doesn't do a trade size of $100 billion, he should be able to do a trade size of $10 billion, since he SAID that his managed portfolio size is at more than 1 TRILLION. He should have been able to trade at least 1% of his portfolio in the past. And he should have made MANY billions from managing his TRILLION dollar portfolio "easily".

There are some 250 trading days in just 1 year, and Armstrong should be making like 25 billion a year, or 2.5 billion a year if his daily trade size is $1 billion. The fact that he is NOT the richest person on Earth, already is telling you that the accuracy of his AI computer is FAR FAR FAR away from being accurate.